Schofield Sweeney solicitors has advised international media business, Headland Media Limited, on its £3.5 million re-financing by Yorkshire Bank.

 

With offices in Leeds, Liverpool and Tilbury in the UK, Copenhagen in Denmark and Fort Lauderdale and New Jersey in the USA, Headland Media, specialises in the provision of high quality and cost effective media content in text, audio and video formats to maritime, hotel and retail sectors around the world. The company was formed in 2008 as a management buy-out from Sky where it had previously sat within the "365 Media" brand although parts of the business can trace their heritage back to the 1950s. Customers include retail chain outlets, commercial and business aircraft, merchant shipping fleets, government and military units, cruise line companies, super yachts, luxury resorts, city hotels, safari camps, gyms and individual business travellers.

 

The latest transaction involved re-financing mezzanine debt with senior debt and providing working capital facilities.

Chris Schofield, Senior Partner of Schofield Sweeney commented,“Headland Media’s businesses are genuinely interesting. We’ve known them for several years now and advised management during the buyout from Sky. They have trusted us with more and more of their work and it is good to see the company developing in the way that it has and to see a Bank so ready to support them.’

 

BDO Stoy Hayward provided financial due diligence and Cobbetts solicitors provided legal advice to the Bank.